As we all know the US Federal reserve has created a huge amount of USD liquidity with its quantitative easing policies where more than USD 1 trillion was pumped into the system. This has been accompanied by statements propounding the pledge to keep short term rates near zero for an extended period of time. This […]
Read MoreOver the last few days there has been an increased clamor for controlling the Fiscal Deficit by increasing taxes in the forthcoming Union Budget. In my view raising taxes in a slowing economy is a retrograde step that will create further headwinds for the economy and slow down growth. Indirect tax increases are also inflationary […]
Read MoreThe last year was a tough year for the Indian markets for more reasons than one. The impact of the US slowdown as well as Euro zone issues was generic to everyone globally, however the specific issues that were headwinds in the last calendar year are now providing tailwinds for the markets and it is […]
Read MoreOver the last few days I have become more and more convinced that the up cycle for gold is now coming to an end and we will see a significant correction in this commodity before prices stabilize and move up again. My conviction has become greater after I talked to a vast variety of Investment […]
Read MoreThe EU summit started with extremely low expectations and that was also reflected in the movement of the markets prior to the summit where most markets sold off going into the summit. This by itself was a good sign that post event; at least we will not have a severe market selloff. The key takeaway […]
Read MoreI would like to begin this piece by an interesting observation. Exactly around a year back a survey was done of around 50 India focused Fund Managers as to the direction of the markets in the year 2011, the survey revealed that more than 45 Fund Managers were of the view that the year 2011 […]
Read MoreAs the markets flirted with their low levels during the course of this year the one thing that was missing was a feeling of complete capitulation and total apathy and panic setting into the markets. Although I had expected the lows of around 15500 for the Sensex and 4700 for the Nifty to hold and […]
Read MoreI have just come back from a Diwali break and had a good vacation. I did not miss much during my trip and most of the markets and stocks seem to be placed similarly as they were a couple of weeks back. The results season has progressed and in general has been quite decent given […]
Read MoreThe low expectations result season has started off reasonably well with most of the companies reporting till date either beating or meeting expectations. Although it is early days yet, given the fact that we have gone into the results season with low expectations it augurs well for the markets. The general observation from the results […]
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